Impress Your Lender With Organized Financial Reporting

Bookkeeping and accounting services exist for the sole purpose of working with financial records. Business executives and owners can leverage their expertise to promote a better business life. The great thing about organized financial records and professional financial statements is the positive effect they have on your financial stakeholders.

  • Your lender is eager to get regularly published financial information about your business.
  • They want the information in a clear, consistent and factual format.
  • Your lender can become more confident about your business risk profile and be a better advocate for your loan application when it passes before the bank credit committee.
  • When your bank is more comfortable with your financial condition they tend to call and visit less often.
  • Lenders get nervous and dig deeper when information is incomplete and delivered late.

When lenders describe your business as stable it can open opportunities. Bankers and investors seek out those prospects that are more creditworthy. This is especially true during financial crises when loan and investing underwriting gets tougher. Sometimes funding sources will call you to take their money because your financial records are complete and accurate which paints a great risk profile.

Clearly presented and accurate financial data can reduce your business risk profile.  Get professional bookkeeping and accounting help.  Why are you still doing your own financial record keeping?

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About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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One Response to Impress Your Lender With Organized Financial Reporting

  1. Pingback: Leverage Bookkeeping To Work On Your Business, Not In Your Business | Capital Sauce

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